SPDR S&P Homebuilders ETF (NYSEARCA:XHB) Shares Sold by Founders Financial Securities LLC

Founders Financial Securities LLC cut its stake in SPDR S&P Homebuilders ETF (NYSEARCA:XHB) by 3.9% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 39,004 shares of the exchange traded fund’s stock after selling 1,593 shares during the period. Founders Financial Securities LLC owned 0.22% of SPDR S&P Homebuilders ETF worth $3,943,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Mirae Asset Securities USA Inc. acquired a new stake in SPDR S&P Homebuilders ETF during the second quarter worth about $50,540,000. Passaic Partners LLC purchased a new position in SPDR S&P Homebuilders ETF in the first quarter valued at $13,326,000. 360 Financial Inc. acquired a new stake in shares of SPDR S&P Homebuilders ETF during the 4th quarter valued at about $7,132,000. Cetera Investment Advisers increased its stake in shares of SPDR S&P Homebuilders ETF by 507.8% in the 1st quarter. Cetera Investment Advisers now owns 75,473 shares of the exchange traded fund’s stock valued at $8,422,000 after purchasing an additional 63,055 shares in the last quarter. Finally, HMS Capital Management LLC acquired a new position in SPDR S&P Homebuilders ETF in the 1st quarter worth about $6,997,000.

SPDR S&P Homebuilders ETF Trading Down 3.4 %

Shares of XHB opened at $113.40 on Wednesday. The firm has a market cap of $1.98 billion, a P/E ratio of 15.57 and a beta of 1.38. The stock’s 50 day moving average is $109.81 and its two-hundred day moving average is $106.58. SPDR S&P Homebuilders ETF has a 12 month low of $69.32 and a 12 month high of $121.23.

SPDR S&P Homebuilders ETF Company Profile

SPDR S&P Homebuilders ETF (the Fund) seeks to closely match the returns and characteristics of the S&P Homebuilders Select Industry Index. The S&P Homebuilders Select Industry Index represents the homebuilding sub-industry portion of the S&P Total Markets Index. The S&P TMI tracks all the United States common stocks listed on the New York Stock Exchange, American Stock Exchange, National Association of Securities Dealers Automated Quotation (NASDAQ) National Market and NASDAQ Small Cap exchanges.